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Mandate

Vinge has advised Flower in connection with the acquisition of the energy storage facility Bredhälla from OX2.

June 11, 2024 M&A Banking and Finance Environmental Law Commercial Agreements Real Estate and Construction FDI

The energy storage facility Bredhälla consists of batteries utilizing lithium-ion technology with a total capacity of 42,5MW /42,5MWh spread across 20 modules, making it the largest battery park in Sweden. Bredhälla will provide ancillary services to Svenska Kraftnät to ensure stability in the electricity grid and participate in wholesale markets by providing energy arbitrage.

The acquisition strengthens Flower’s position as the leading battery optimizer in Sweden.

Vinges team mainly consisted of Peter Sundgren and Gustav Wahlberg (M&A), Albert Wållgren and Jolinn Uhlin (Financing), Johan Cederblad and Lina Österberg (Environment), Jolene Reimersson and Carl Lexenberg (Commercial Agreements), Daniel Prawitz and Clara Klingspor (Construction) as well as Daniel Wendelsson, Felizia Wiker, Dagne Sabockis and Alva Chambert (FDI).

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